Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
If you’ve been following our research, you already know how accurately we’ve been nailing the precious metals price moves. We’ve been calling Gold and Silver accurately since early 2018 and continue to focus a good portion of our efforts in studying these incredible setups. Let’s have a little fun and start with two charts from near July 20, 2019, to help our fo...Read More
Traders are eyeing the latest sentiment and housing dataThe Dow Jones Industrial Average (DJI) was up triple digits earlier, as stocks reacted to bullish U.S.-China trade developments, with the Trump administration confirming more trade talks will take place next month. However, despite gains from Apple (AAPL), the Dow has since turned negative, following the S&P 500 Index (SPX) and Nasdaq Composi...Read More
And how the SPX performs after two rate cuts in 60 daysThe Fed last week opted to cut interest rates by another quarter point -- much to the dismay of President Donald Trump -- though the central bank's corresponding statement and Fed Chair Jerome Powell's subsequent press conference pointed to a division about further action this year. While we recently outlined the best and worst stocks to own a...Read More
One of the most common reasons to buygold is to use it as a stable store of value. This analysis uses 50years of history to test that common belief, and finds it woefully lacking - forit misses the best parts of investing in gold.The graph below will be developed, andwe will show that gold is instead a more sophisticated (and desirable) investmentthan most people realize. When properly understood,...Read More
O has been climbing the charts in 2019Real estate investment trust Realty Income Corp (NYSE:O) has been locked in a steady trend higher on the charts. The stock is up about 33% year-over-year, and more than 20% on a year-to-date basis. Last week, the stock gapped higher on news of a dividend hike, which pushed O above the $75 level -- home to double the stock's 2014 lows, and a former layer of res...Read More
NFLX is barreling toward its lowest close of the yearPivotal Research slashed its Netflix Inc (NASDAQ:NFLX) price target to $350 from $515, saying the company will likely have to boost market content spending as competition in the streaming space accelerates. The brokerage firm also pointed to expectations for weak third-quarter subscriber growth -- echoing concerns expressed last week by Evercore...Read More
3 familiar names receiving bull notes todayThree stocks in focus after updated analyst coverage are Dow components Apple Inc. (NASDAQ:AAPL), McDonald's Corp (NYSE:MCD), and Walt Disney Co (NYSE:DIS). Here's a quick breakdown of how Wall Street is viewing AAPL, MCD, and DIS shares. AAPL just received new coverage from Jefferies, which called the iPhone maker a "buy" and gave it a $260 price target....Read More
By Andy Hecht: Crude oil is the energy commodity that powers the world. Over half of the world’s petroleum reserves are in the Middle East, which is the most turbulent political region on the face of the earth. Meanwhile, the United States is the leading consumer of crude oil. For many years, the US dependence on Middle Eastern oil contributed to its price variance. The Arab-Israeli War in t...Read More
NBEV has lost more than half its value since AprilOne of the best stocks on the Nasdaq this morning is New Age Beverages Corp (NASDAQ:NBEV), up 12.4% to trade at $3.13, on track for its best single-session gain since April 9. This is after Japan's Narcotics Control Division and the Ministry of Health approved the company's cannabidiol (CBD) products, allowing New Age's CBD-infused items to be s...Read More
Steelmaking restrictions planned for China's northern region - where the concentration of mills are the highest in the country - during the autumn-winter period appear to be looser this year compared with the corresponding period of last year.While no official guidelines have emerged, a draft of measures to control air pollution in 28 cities in the region during the October-March period has been c...Read More
The auto seller's second-quarter earnings and revenue both exceeded analysts' estimatesThe shares of auto retailer CarMax, Inc (NYSE:KMX) are popping today, after the firm reported second-quarter earnings of $1.40 per share on $5.2 billion in revenue -- both of which topped analysts' expectations. The company cited a boost from online sales for its earnings beat. KMX stock is 3.9% higher at $90.30...Read More
It's a busy morning for updates on U.S.-China tradeFutures on the Dow Jones Industrial Average (DJI) are above fair value this morning, on news U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will hold trade negotiations with Chinese Vice Premier Liu He in Washington in early October. Additionally, a Bloomberg report indicated Beijing issued new tariff exemptions...Read More
Turkey produced 22.55 million tonnes of crude steel in January-August 2019, down by 10.46% from 25.19 million tonnes in the corresponding eight-month period of last year, the Turkish Steel Producers Association (T???oeD) said last week.The drop in output was largely attributed to subdued end-user demand and weakening export markets for Turkish steel.The European Commission (EC) imposed definitive...Read More
S&P returns could underwhelm following the recent low in this put/call ratioOne of the investor sentiment indicators we track internally here at Schaeffer's is the 10-day moving average of the equity-only, buy-to-open put/call volume ratio. This metric reflects all customer-driven, buyer-initiated option volume across three major options exchanges -- the International Securities Exchange (ISE), Cb...Read More
Domestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at ?,?550-570 ($608-630) per tonne ex-works on September 19, reflecting the latest deals...Read More
Stewart Thomson, Graceland Updates 1. Please click here now. SPDR fund (GLD-NYSE) gold tonnage roared above 900 tons yesterday, and now sits at about 908. 2. That's solid action, and I'll dare to suggest there's more coming!3. Please click here now. As the ominous month of October approaches, US stock market investors may have a new problem on their hands; a Treasury Secre...Read More
This year marked the 30th anniversary of the Denver Gold Forum (DGF), the world's most prestigious precious metal equities investment conference. The invitation-only event, held last week, was attended by an incredible seven-eighths of the world's publicly traded gold and silver companies by production, as well as leading metals and mining executives, money managers, analysts and investors.Much...Read More
Clint SiegnerJPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks' defenders were bolstered by a 5-year-long investigation by the...Read More
By: Ira EpsteinGold is spinning around, back and forth...Read More
A summary of base metals premiums from across the globe for the week to Tuesday September 24.Please click...Read More